Western Asset Mortgage Opportunity Fund (NYSE:DMO) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.10 and traded as low as $10.63. Western Asset Mortgage Opportunity Fund shares last traded at $10.6440, with a volume of 40,674 shares traded.

Western Asset Mortgage Opportunity Fund Stock Up 0.2%

The company has a 50-day moving average price of $10.98 and a two-hundred day moving average price of $11.08.

Western Asset Mortgage Opportunity Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be given a $0.12 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) annualized dividend and a dividend yield of 13.5%.

Institutional Investors Weigh In On Western Asset Mortgage Opportunity Fund

Several institutional investors and hedge funds have recently modified their holdings of DMO. LPL Financial LLC boosted its position in shares of Western Asset Mortgage Opportunity Fund by 13.7% in the fourth quarter. LPL Financial LLC now owns 251,590 shares of the investment management company’s stock worth $2,783,000 after buying an additional 30,402 shares during the period. Baird Financial Group Inc. boosted its holdings in Western Asset Mortgage Opportunity Fund by 8.6% in the second quarter. Baird Financial Group Inc. now owns 218,782 shares of the investment management company’s stock valued at $2,612,000 after purchasing an additional 17,374 shares during the last quarter. Marex Group plc purchased a new position in Western Asset Mortgage Opportunity Fund in the fourth quarter valued at about $189,000. Royal Bank of Canada boosted its holdings in Western Asset Mortgage Opportunity Fund by 4.0% in the fourth quarter. Royal Bank of Canada now owns 391,231 shares of the investment management company’s stock valued at $4,327,000 after purchasing an additional 14,948 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Western Asset Mortgage Opportunity Fund by 5.2% in the third quarter. Envestnet Asset Management Inc. now owns 242,543 shares of the investment management company’s stock valued at $2,843,000 after purchasing an additional 12,090 shares during the last quarter.

About Western Asset Mortgage Opportunity Fund

Western Asset Mortgage Opportunity Fund, Inc (NYSE: DMO) is a closed‐end management investment company that seeks to provide a high level of current income, with capital preservation as a secondary objective. The fund pursues these goals by allocating its assets among a diversified portfolio of mortgage‐related securities.

The fund’s core investments include agency and non‐agency residential mortgage‐backed securities (MBS), commercial mortgage‐backed securities (CMBS) and asset‐backed securities (ABS) secured by pools of auto loans, credit card receivables, home equity loans and other consumer debt obligations.